Q4 2022 Luxury Quarterly Market Update

Page 1

LUXURY MARKET UPDATE QUARTER

4 - 2022

TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q4) $1M - $2.5M For more information and great insights go to HarryNorman.com/Insights LUXURY MARKET UPDATE METRO ATLANTA | QUARTER 4 2022 Source: TrendGraphix. Core Counties combined - Cherokee, Cobb, DeKalb, Forsyth, Fulton, Gwinnett, all residential, $1M - $2.5M, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 492 5.1 708 $1.41M 36 731 68% 9.1% 10.8% 2% 25.3% 119.2% COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 BALANCED MARKET 6 months of inventory is a balanced market
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q4) $2.5M+ For more information and great insights go to HarryNorman.com/Insights LUXURY MARKET UPDATE METRO ATLANTA | QUARTER 4 2022 Source: TrendGraphix. Core Counties combined - Cherokee, Cobb, DeKalb, Forsyth, Fulton, Gwinnett, all residential, $2.5M and above, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. BUYER’S MARKET 6 months of inventory is a balanced market 45 17.8 150 $3.38M 58 246 64% 6.5% 51.5% 0.5% 29.7% 122.6% COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q4) $1M - $2.5M For more information and great insights go to HarryNorman.com/Insights LUXURY MARKET UPDATE BUCKHEAD | QUARTER 4 2022 Source: TrendGraphix. ZIP 30305 (FMLS), ZIP 30318 (FMLS), ZIP 30326 (FMLS), ZIP 30327 (FMLS), ZIP 30342 (FMLS), all residential, $1M - $2.5M, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. SELLER’S MARKET 6 months of inventory is a balanced market 97 3.9 109 $1.53M 34 111 20.7% 9.7% 22.1% 2.6% 33.6% 76.2% COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q4) $2.5M+ For more information and great insights go to HarryNorman.com/Insights LUXURY MARKET UPDATE BUCKHEAD | QUARTER 4 2022 Source: TrendGraphix. ZIP 30305 (FMLS), ZIP 30318 (FMLS), ZIP 30326 (FMLS), ZIP 30327 (FMLS), ZIP 30342 (FMLS), all residential, $2.5M and above stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 20 16.2 62 $3.51M 25 92 22.7% 66.2% 26.5% 7.5% 42.9% 125.7% COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 BUYER’S MARKET 6 months of inventory is a balanced market
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q4) $1M+ For more information and great insights go to HarryNorman.com/Insights LUXURY MARKET UPDATE CHEROKEE COUNTY | QUARTER 4 2022 Source: TrendGraphix. CHEROKEE COUNTY (FMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 27 9.8 61 $1.41M 50 83 97.6% 20.6% 69.4% 2.8% 8% 60.3% COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 SELLER’S MARKET 6 months of inventory is a balanced market
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q4) $1M+ For more information and great insights go to HarryNorman.com/Insights LUXURY MARKET UPDATE COWETA | QUARTER 4 2022 Source: TrendGraphix. COWETA COUNTY (GAMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 5 11.5 5 $1.13M 32 13 44.4% 42.9% 28.6% 13.5% 28.6% 94.6% COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 BUYER’S MARKET 6 months of inventory is a balanced market
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q4) $1M+ For more information and great insights go to HarryNorman.com/Insights LUXURY MARKET UPDATE DUNWOODY & SANDY SPRINGS | QUARTER 4 2022 Source: TrendGraphix. ZIP 30319 (FMLS), ZIP 30327 (FMLS), ZIP 30328 (FMLS), ZIP 30338 (FMLS), ZIP 30339 (FMLS), ZIP 30342 (FMLS), ZIP 30350 (FMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 129 4.8 191 $1.82M 32 178 28.1% 11.1% 1.5% 2.6% 32.5% 77.5% COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 SELLER’S MARKET 6 months of inventory is a balanced market
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q4) $1M+ For more information and great insights go to HarryNorman.com/Insights LUXURY MARKET UPDATE EAST COBB | QUARTER 4 2022 Source: TrendGraphix. ZIP 30062 (FMLS), ZIP 30066 (FMLS), ZIP 30067 (FMLS), ZIP 30068 (FMLS), ZIP 30075 (FMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 61 4 72 $1.48M 40 74 34.5% 5.9% 2.6% 8.9% 11.1% COMPARED TO Q4 2021 COMPARED TO Q4 2021 NO CHANGE COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 SELLER’S MARKET 6 months of inventory is a balanced market
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q4) $1M+ For more information and great insights go to HarryNorman.com/Insights LUXURY MARKET UPDATE FAYETTE COUNTY | QUARTER 4 2022 Source: TrendGraphix. FAYETTE COUNTY (GAMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 11 8.6 24 $1.59M 65 22 120% 27.5% 84.6% 0.8% 15.4% 253.6% COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 BUYER’S MARKET 6 months of inventory is a balanced market
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q4) $1M+ For more information and great insights go to HarryNorman.com/Insights LUXURY MARKET UPDATE FORSYTH COUNTY | QUARTER 4 2022 Source: TrendGraphix. FORSYTH COUNTY (FMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 27 8.5 56 $1.35M 28 65 97% 9.7% 7.7% 4.8% 40% 174% COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 BUYER’S MARKET 6 months of inventory is a balanced market
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q4) $1M+ For more information and great insights go to HarryNorman.com/Insights LUXURY MARKET UPDATE GWINNETT COUNTY | QUARTER 4 2022 Source: TrendGraphix. GWINNETT COUNTY (FMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 19 18.8 58 $1.57M 58 103 110.2% 34.9% 20.8% 4.3% 57.8% 386% COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 BUYER’S MARKET 6 months of inventory is a balanced market
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q4) $1M+ For more information and great insights go to HarryNorman.com/Insights LUXURY MARKET UPDATE INTOWN | QUARTER 4 2022 Source: TrendGraphix. ZIP 30306 (FMLS), ZIP 30307 (FMLS), ZIP 30308 (FMLS), ZIP 30309 (FMLS), ZIP 30312 (FMLS), ZIP 30316 (FMLS), ZIP 30317 (FMLS), ZIP 30324 (FMLS), ZIP 30329 (FMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 80 5.7 116 $1.43M 32 128 82.9% 10.3% 20.8% 11.3% 27.3% 148.4% COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 BALANCED MARKET 6 months of inventory is a balanced market
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q4) $1M+ For more information and great insights go to HarryNorman.com/Insights LUXURY MARKET UPDATE NORTH FULTON | QUARTER 4 2022 Source: TrendGraphix. ZIP 30004 (FMLS), ZIP 30005 (FMLS), ZIP 30009 (FMLS), ZIP 30022 (FMLS), ZIP 30075 (FMLS), ZIP 30076 (FMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 106 5.6 155 $1.64M 36 178 119.8% 9.1% 43.5% 6.2% 20.3% 153.2% COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 BALANCED MARKET 6 months of inventory is a balanced market
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q4) $1M+ For more information and great insights go to HarryNorman.com/Insights LUXURY MARKET UPDATE WEST COBB | QUARTER 4 2022 Source: TrendGraphix. ZIP 30060 (FMLS), ZIP 30062 (FMLS), ZIP 30064 (FMLS), ZIP 30066 (FMLS), ZIP 30080(FMLS), ZIP 30082 (FMLS), ZIP 30101 (FMLS), ZIP 30126 (FMLS), ZIP 30127 (FMLS), ZIP 30144 (FMLS), ZIP 30152 (FMLS), ZIP 30168 (FMLS), ZIP 30339 (FMLS), all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 46 6.7 74 $1.42M 60 91 37.9% 17.6% 2.8% 6.9% 20.7% 68.2% COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 BALANCED MARKET 6 months of inventory is a balanced market
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q4) $1M+ For more information and great insights go to HarryNorman.com/Insights LUXURY MARKET UPDATE BLAIRSVILLE | QUARTER 4 2022 Source: TrendGraphix. Zip 30512, all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted. 4 4.7 3 $1.37M 62 5 81.3% 25% 9.8% 100% 41.2% COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 SELLER’S MARKET 6 months of inventory is a balanced market NO CHANGE
TOTAL HOMES SOLD MONTHS OF INVENTORY TOTAL NEW LISTINGS AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET HOMES FOR SALE (END Q4) $1M+ For more information and great insights go to HarryNorman.com/Insights LUXURY MARKET UPDATE BLUE RIDGE | QUARTER 4 2022 Source: TrendGraphix. Zip 30513, all residential, $1M+, stated period versus same period prior year. The above information is believed to be accurate but is not warranted 12 10.2 20 $1.79M 47 36 140% 17.5% 53.8% 18.2% 40% 268.2% COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 COMPARED TO Q4 2021 BUYER’S MARKET 6 months of inventory is a balanced market

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